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-   -   Who REALLY owns their Z??? (http://www.the370z.com/nissan-370z-general-discussions/34302-who-really-owns-their-z.html)

11Thumper 08-15-2011 01:08 AM

Financed mine at 3.9%. Put something like $10k down. My S2000 is paid off and have been thinking to sell it for the extra cash. Personally, with this economy (and a mortgage) I would rather have the safety net. I have the $ in the bank to pay off the z now easily but it takes a while to build up a savings. I would probably blow that extra cash each month on alcohol and loose women anyway :tup:

PluckyPurcell 08-15-2011 06:53 AM

I decided instead of tying up more money in the car I would put half ($18K) down and financed the other half at 0.9% the dealer was offering. Payments are under $300/mo and I can earn more than 1% on the cash I have. Sometimes it doesn't pay to pay cash.

Vaughanabe13 08-15-2011 10:55 AM

Final purchase price was 32K. I put 15K down and financed the rest at 3.75% for 48 months with my credit union. I will be paying off the loan in hopefully no more than two years and most likely less than that. I calculated it and it will cost me about 1.5K or a little more extra by financing in this time, but it's worth it for me to buy the car and enjoy now while I'm young (23) and without kids.

I am right out of college and I've only been working about a year. I don't have any debt and no student loans. My only credit really has been my credit card with a 1K limit, so while my credit score is very good, I really don't have any breadth or credit history to speak of. I decided it would be good to have this payment on my credit history for when I'm interested in houses. All in all I'm happy with the way things went down.

geosZ 08-15-2011 11:34 AM

I put nothing down and I pay 620 a month. I have the money but who knows what happens with this economy. If I see all going well I'll just pay the car off considering the payments are no problem for me and they are taken out auto every bi weekly (it's a payment option they take half the car payment every 2 weeks. Save some money and pays car off almost 6 months faster)

xjx 08-15-2011 12:33 PM

I paid cash. No payments for me.

EazyD 08-15-2011 01:03 PM

Quote:

Originally Posted by Guavazo (Post 1262064)
borrow 29k with 3.25 for 5 year in march, interestingly I have 800+ credit score with 7 years of credit history(25 years old), could not get any loan from the big bank due to not enough credit history, got a loan from credit union. plan to pay it off in 3 year.

almost literally same story here.

Bodytechz 08-15-2011 01:34 PM

Quote:

Originally Posted by xjx (Post 1262616)
I paid cash. No payments for me.

Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeez. :happydance:

EazyD 08-15-2011 01:36 PM

Quote:

Originally Posted by Bodytechz (Post 1262716)
Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeezer. :happydance:

FTFY :icon18:

Vaughanabe13 08-15-2011 01:37 PM

Quote:

Originally Posted by EazyD (Post 1262658)
almost literally same story here.

That's absolutely ridiculous that you guys can't get a loan with several years history and a great 800+ credit score. Unbelievable.

theDreamer 08-15-2011 01:41 PM

Quote:

Originally Posted by Vaughanabe13 (Post 1262726)
That's absolutely ridiculous that you guys can't get a loan with several years history and a great 800+ credit score. Unbelievable.

After the market crash getting a loan was very difficult from big banks. Credit unions were the best bet for a quick low interest loan, but you must be a member and some require you be a member for X months before any loan can be filed.

11Thumper 08-15-2011 05:26 PM

Quote:

Originally Posted by Bodytechz (Post 1262716)
Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeez. :happydance:

Did you give her the standard three options and let HER choose?

1. A sports car
2. A motorcycle
3. A mistress

:D

nmjaxx9 08-15-2011 05:32 PM

I might be the only one who fully financed my car, came out to 36k plus dealer taxes and fees, put around 500 down (only because I had too, dealer said) and the rest is financed for 72 months, @ 2.99 which was the lowest rate they could find any bank offering. Guess ill really "own" my Z when im around 27 :icon17:

emx620 08-15-2011 06:00 PM

Quote:

Originally Posted by nmjaxx9 (Post 1263101)
I might be the only one who fully financed my car, came out to 36k plus dealer taxes and fees, put around 500 down (only because I had too, dealer said) and the rest is financed for 72 months, @ 2.99 which was the lowest rate they could find any bank offering. Guess ill really "own" my Z when im around 27 :icon17:

I put $1,500 down, and got ~15% APR on a ~$33,000 loan, so the total loan amount would've been close to $50,000. Thankfully, CarMax gives you that 3 day shopping window and I was able to get 6% for 60 months :D

Deadman 08-15-2011 06:45 PM

I'm 25 put $12k down, financed around $24k @ 3.7%. However i pay 500-700$ month to pay it off early :P

gr8-wrx 08-15-2011 08:27 PM

I'm 40 and have no payments on my Z.


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